The 'K-shaped' recovery, discussed post-pandemic,

Solution

• A K-shaped recovery describes a situation where different parts of the economy recover from a recession at  different rates, times, or magnitudes . It depicts a  divergence .
• The  upper arm of the 'K'  represents sectors, companies, or individuals (e.g., technology, pharmaceuticals, high-wage earners, asset owners) that recover quickly and see their fortunes improve.
• The  lower arm of the 'K'  represents sectors and groups (e.g., hospitality, retail, low-wage service workers, small businesses) that continue to struggle or face decline.
  This pattern exacerbates pre-existing economic inequalities, which was a prominent feature of the global recovery from the COVID-19 pandemic.